Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 (150 of 2015)

Schedule 3   Application and transitional provisions for Schedules 1 and 2 and Fees Imposition Act

6   Disposal orders

(1) Section 69 (disposal orders) of the new provisions applies in relation to:

(a) any significant action taken before commencement if the Treasurer would have had the power (before commencement) to make an order under subsection 18(4), 19(4), 20(3), 21(3) or 21A(4) of the old provisions in relation to the action; and

(b) any acquisition of an interest in Australian rural land taken during the transitional period; and

(c) any significant action taken after commencement.

(2) Subitem (1) does not affect the operation of section 77 (time limit on making orders and decisions) of the new provisions.